Bangladesh PM's principal secretary for more human capital investment

05 Feb '24

1 min read

Pic: Adobe Stock

Insights

Principal secretary Tofazzal Hossain highlighted the need for more investment in human resources to address the managerial skill gap in the apparel sector.
Calls upon apparel manufacturers to explore new markets.
Senior secretary of the Ministry of Commerce stresses on the need to explore alternatives to cash incentives, keeping mind LDC transition.

The Principal Secretary to Prime Minister Sheikh Hasina, M. Tofazzel Hossain Miah, has emphasised the need for increased investment in human resources by the readymade garments (RMG) sector to address the existing managerial skills gap within the industry.

Speaking as the chief guest at the Validation Workshop on Final Draft Study Reports on Market Access, Comparative Advantage, and Export Diversification and Upscaling the RMG Sector, the principal secretary also highlighted the importance of timely reforms and good governance in creating a business-friendly environment to prepare for the post-LDC graduation period.

Tofazzal Hossain also underscored the vast opportunities for diversification and urged apparel industry leaders to concentrate on diversifying their product offerings while also exploring new markets.

Special guests at the event included senior secretary of the Ministry of Commerce, Tapan Kanti Ghosh and president of Bangladesh Textile Mills Association (BTMA), Mohammad Ali Khokon.

Addressing the event Tapan Kanti Ghosh stressed the need for Bangladesh to explore alternatives to cash incentives to prepare the country’s exporters for the post-LDC period while BTMA Mohammad Ali Khokon expressed that Bangladeshi apparel manufacturers could transition into the multi-fibre arena by ensuring duty-free access to all fibres.

Fibre2Fashion News Desk (DR)

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